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Nov 14, 2013
11/13
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of course, we were running deficits at 3% on average. the only time in that entire period we did not run deficits was 1998 to 2001 where the revenues as a percent of gdp averaged 19.5%. if you look at your chart under current policy, at the end of this ten-year window, he would still be at least a percentage point below what it was when we balanced the budget. i would point out between now and then, we will have a 33% increase in medicare beneficiaries and a 30% increase in social security beneficiaries. so huge increase in seniors that qualify or are eligible for social security and medicare at a lower revenue percent of gdp then ten years from now in the years we actually balanced a budget. i want to emphasize that point. it seems to me it's hard to say you care about reducing or long term deficit but have a position that you wont close a single tax break or loophole or eliminate a -- any tax expenditures for the purpose of reducing the deficit. the senator pointed out and you're pointing out the recovery helped cushion the economy dur
of course, we were running deficits at 3% on average. the only time in that entire period we did not run deficits was 1998 to 2001 where the revenues as a percent of gdp averaged 19.5%. if you look at your chart under current policy, at the end of this ten-year window, he would still be at least a percentage point below what it was when we balanced the budget. i would point out between now and then, we will have a 33% increase in medicare beneficiaries and a 30% increase in social security...
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Feb 14, 2013
02/13
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-- reduce the deficit. we passed the $600 billion tax increase, focusing on people on the high end of the income scale. the president's goal was to achieve 1.2 trillion revenue. that is less revenue and debt in that plan that in the bipartisan simpson-bowles plan, which said we should do tax reform but in addition to reducing the rates we should have a significant amount go to deficit reduction. the bipartisan simpson-bowles report would have a lot more revenue coming in than the president has proposed. i want to make that clear. i would also point out that speaker boehner during those discussions with the president said he did not want to increase rates. he could raise $800 billion by closing these tax loopholes and breaks and getting rid of these tax expenditures. those are all still there. none of the actions we have taken a limited the tax breaks that all of the candidates and the last election talked about. if we agree that those are just different forms of spending in the tax code, it seems we should
-- reduce the deficit. we passed the $600 billion tax increase, focusing on people on the high end of the income scale. the president's goal was to achieve 1.2 trillion revenue. that is less revenue and debt in that plan that in the bipartisan simpson-bowles plan, which said we should do tax reform but in addition to reducing the rates we should have a significant amount go to deficit reduction. the bipartisan simpson-bowles report would have a lot more revenue coming in than the president has...
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Nov 14, 2013
11/13
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anything at the lower rates, we'll be in deficit. i will simply say even with entitlement reform, and stroingly believe in entitlement reform, i guess i question on a going forward basis and even look at your numbers with revenues that i -- at a higher rate that still below 19 were still in that gap. two questions. one, because of the demographic bulge, it's hard to imagine how you're going to be able to drive the spend down to the numbers that could be dealt with on dmind of historic revenue basis. and last point, it seems to me that one thing that we may not have factored in, i don't know if you did any analysis, is that not just in america but across the world we have seen a dramatic shift from the private sector to the public sector in both the areas of workforce training and particularly the area of research and development. there is no longer bell lab and more and more corporate america and korncorporations around the world are accepting the public sector to pick up the r & d costs. can you see to that as well? >> yes. on your
anything at the lower rates, we'll be in deficit. i will simply say even with entitlement reform, and stroingly believe in entitlement reform, i guess i question on a going forward basis and even look at your numbers with revenues that i -- at a higher rate that still below 19 were still in that gap. two questions. one, because of the demographic bulge, it's hard to imagine how you're going to be able to drive the spend down to the numbers that could be dealt with on dmind of historic revenue...
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May 30, 2013
05/13
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they are in deficit at each stage along their lifecycle. they will also receive more in benefits than they pay in taxes. that is not a bad thing, but when you understand the fiscal consequences, you have to understand the current nature of redistribution. i then look and say what happens if you granted these 10 million to 11 million people access to the benefits, and i use a simple methodology. i look at the current unlawful immigrants, and i assume once they have access they will pay taxes and receive benefits in the same way and a current legal immigrant he sees them, who has the same -- receive them, who has the same education level. i look at any legal immigrant who does not have a high school degree, and half of them do not, and is maybe 35 years old, and then i look at a legal immigrant who is exactly like that, and i measure what the fiscal deficit is, and the reality is, then, that these individuals -- each household, once they gain access to all of these programs, which they do under this program, each household will run a deficit
they are in deficit at each stage along their lifecycle. they will also receive more in benefits than they pay in taxes. that is not a bad thing, but when you understand the fiscal consequences, you have to understand the current nature of redistribution. i then look and say what happens if you granted these 10 million to 11 million people access to the benefits, and i use a simple methodology. i look at the current unlawful immigrants, and i assume once they have access they will pay taxes and...
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Dec 5, 2013
12/13
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particularly when there is so much concern with the deficit and debt. medicare is historically aimed to set a men's to ma plans equal to what medicare would expect to pay in a traditional program. bys changed in 2003, and 2009 came into a considerably higher that medicare would have paid for the same beneficiaries if they were in the same program. this cost every beneficiary more and added part b damien's, providing little incentives to become more efficient. . found wide variations that suggests there was room for a lot more efficiency in the program. were incy changes that the aca reflect recommendations that congress'own commission has advocated for years. raised the concerns offerings to my mind are not consistent with the evidence on her part the way competitive markets work. the already addressed protections and places in the program. only five percent of beneficiaries in 2014 will have to shift plans. most will be able to stay in the same type of land. 21%average premium was down for a beneficiary, and premiums stable in 2014. some beneficiaries
particularly when there is so much concern with the deficit and debt. medicare is historically aimed to set a men's to ma plans equal to what medicare would expect to pay in a traditional program. bys changed in 2003, and 2009 came into a considerably higher that medicare would have paid for the same beneficiaries if they were in the same program. this cost every beneficiary more and added part b damien's, providing little incentives to become more efficient. . found wide variations that...
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May 30, 2013
05/13
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reform, we will only have a $6.3 trillion deficit. then you have to conclude that the immigration reform will have a a huge positive impact on the u.s. budget. he does not do it that way. he estimates what it will cost to cover the illegal immigrants without talking about what it would cost if we do know immigration reform. it is on page 29 of the report when he tells the for the first time and his $6.3 trillion number does not represent that cost parity explains on page 30 that in order to do it properly, you have to subtract the cost of the unlawful immigrants under no reform. then he said but that is not a serious oversight on my part because the cost of doing nothing is not very significant, only about $1 trillion. you have to ask yourself a question right away, how is it possible that if we do know immigration reform, illegal immigrants cost us $1 trillion. but with immigration reform, it costs us $6.3 trillion? stunning difference when he makes an assumption on page 30. he is sent under no immigration reform something astonishin
reform, we will only have a $6.3 trillion deficit. then you have to conclude that the immigration reform will have a a huge positive impact on the u.s. budget. he does not do it that way. he estimates what it will cost to cover the illegal immigrants without talking about what it would cost if we do know immigration reform. it is on page 29 of the report when he tells the for the first time and his $6.3 trillion number does not represent that cost parity explains on page 30 that in order to do...
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Jan 16, 2013
01/13
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and the deficit and we ought to cut -- we ought to eliminate government programs. certainly there are government programs that are neither efficient, effective or necessary. and those, yes, those should be cut. but when you start talking about infrastructure, this is something that we really must do. it was said that for an expenditure of some $15 billion , new york city could have protected its subway system and the shoreline from the devastation of two major storms. one that occurred a year ago and another one that occurred just 97 days or three months ago, superstorm sandy. so if we get ahead of these disasters and build the necessary protections, for example, in my district, if we build those levees, yes, it will cost money, but in one area it's about $1 billion. very expensive. no doubt about it. but if we do not protect, do not build those levees, the devastation will amount to several times that amount of money. that's precisely what happened in manhattan and in the new york city area. so, again, you spend that money up front, yes, you put people to work, ye
and the deficit and we ought to cut -- we ought to eliminate government programs. certainly there are government programs that are neither efficient, effective or necessary. and those, yes, those should be cut. but when you start talking about infrastructure, this is something that we really must do. it was said that for an expenditure of some $15 billion , new york city could have protected its subway system and the shoreline from the devastation of two major storms. one that occurred a year...
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Jan 2, 2013
01/13
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now, the same is true for any deficit or future deficit agreement. obviously, we are going to have to do more to reduce our debt and deficit. i am willing to do more. " he already has done substantial. but it is going to have to be balanced. we are going to have to do it in a balanced way. then he talks about the need to address medicare. >> time has expired. mr. camp. >> i yield myself such time as i may consume. >> the gentleman is recognized. >> you ever heard us talk about, what does the fiscal cliff mean -- i would say i agree with my friend from maryland that if we did not address this fiscal cliff issue everyevery single american will see a tax increase. and we the biggest tax increase in the history of the country. that is why it is so important we are here tonight acting in a permanent way, and i would say to my friend from michigan, it is correct, this is a permanent tax policy. these are permanent tax provisions we're putting in this bill. that permanently set the baseline. that permanently set how much money the government can take out of
now, the same is true for any deficit or future deficit agreement. obviously, we are going to have to do more to reduce our debt and deficit. i am willing to do more. " he already has done substantial. but it is going to have to be balanced. we are going to have to do it in a balanced way. then he talks about the need to address medicare. >> time has expired. mr. camp. >> i yield myself such time as i may consume. >> the gentleman is recognized. >> you ever heard us...
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Aug 30, 2013
08/13
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it basically just adds to the deficit -- does if it -- deficit. >> last question. >> hello. brenda hex. i have a question in regards to participating providers. is there a mandate for providers to participate? is great to have insurance, but you need somebody to accept it. are there going to be done at tiered system the way they pay for medicaid and medicare, like the private insurance? so are they going to be -- is there some kind of mandate to compel for these hospital operations? that once you have this insurance somebody will actually accepted for payment? >> the answer to be sure is no. some states like massachusetts have tried that in the past, but the answer to that is no. it is not a mandate. i think one of the challenges that we find in the medicaid side right now is, we pay hospitals about 70% of cost. there is a formula that is used to look at what hospitals cost per procedure. we pay a 70 percent of that as the state. it's one of the things we have to consider because we are already cost shifting 30% on to everybody else. we in the government programs, medicaid,
it basically just adds to the deficit -- does if it -- deficit. >> last question. >> hello. brenda hex. i have a question in regards to participating providers. is there a mandate for providers to participate? is great to have insurance, but you need somebody to accept it. are there going to be done at tiered system the way they pay for medicaid and medicare, like the private insurance? so are they going to be -- is there some kind of mandate to compel for these hospital operations?...
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Jan 10, 2013
01/13
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as we told congressional leaders, reducing the deficit by shifting costs to the state is not indicative of the good partnership. whether it is deficit reduction or other pressing national issues, we feel the two principles will guide these relationships with the federal government and the state. the principles are the flexibility and the partnership. i will give you a couple of examples. take health care, for instance. health care in this costs remain a critical challenge to the country. medicaid remains one of our biggest budget issues for many of our states, requiring more stephen federal funding when you combine the two than education in our budgets. in 2011, total medicaid spending increased at an unsustainable rate of over 10%, and in response states are currently creating and exploring ways that we can look at reforms for expanding reforms and also for financing and delivering health care. we would like to see the administration to embrace innovation at the state-level by speeding up the consideration of waivers, and looking on the more favorably as we present those to the adminis
as we told congressional leaders, reducing the deficit by shifting costs to the state is not indicative of the good partnership. whether it is deficit reduction or other pressing national issues, we feel the two principles will guide these relationships with the federal government and the state. the principles are the flexibility and the partnership. i will give you a couple of examples. take health care, for instance. health care in this costs remain a critical challenge to the country....
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Oct 25, 2013
10/13
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it will create a self funded without adding 1 penny for the deficit. based on models around the country, it works by establishing an independent trust fund that is supported by employees straight from their wages. this is an earned benefit like social security and it cost less than a cup of coffee a week and it is a small investment to be there for everyone at the moment that they desperately need. we also would like to focus our attention on something like the federal minimum wage. this is something that frustrates me that it is because most people don't know what the minimum wage actually is today. did you know that if you are working full-time 40 hours a week you will be earning $15,000 per year. that means that you are earning $3000 below the poverty level and this contains reward for work. our moral fiber is based on if you work hard every day, you'll earn your way into the middle class and that is not true for so many americans today. 33 million americans and 17 million of them are women. these are often women with children and it is not about co
it will create a self funded without adding 1 penny for the deficit. based on models around the country, it works by establishing an independent trust fund that is supported by employees straight from their wages. this is an earned benefit like social security and it cost less than a cup of coffee a week and it is a small investment to be there for everyone at the moment that they desperately need. we also would like to focus our attention on something like the federal minimum wage. this is...
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Aug 7, 2013
08/13
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down the twin towers, they have made our government spend trillions of dollars that has led to our deficit. even worse, our country is getting torn apart because of our civil liberties which our country was founded on. because they brought the twin towers down, the government is taking our civil liberties away. i can understand what the nsa is doing. i wish i could trust the government, but we can. >> do or do is the government brought the twin towers down? caller: no. the terrorists. listen to me. because the terrorists brought the towers down, they made us spend trillions of dollars that led us to the deficit. even more, they made as paranoid. we are losing our civil liberties. they are winning because they made us spend money and because we are tearing each other apart because our government -- i can understand why the government is doing this, but we are losing our civil liberties. it is because of the terrorists. >> let's hear from jonathan stray. >> well, things have certainly changed after september 11. we have had categories of laws that were unthinkable before. assassinating overs
down the twin towers, they have made our government spend trillions of dollars that has led to our deficit. even worse, our country is getting torn apart because of our civil liberties which our country was founded on. because they brought the twin towers down, the government is taking our civil liberties away. i can understand what the nsa is doing. i wish i could trust the government, but we can. >> do or do is the government brought the twin towers down? caller: no. the terrorists....
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Dec 5, 2013
12/13
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fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools that graduate more kids with the technical training and apprenticeships, and in-demand, high-tech skills that can lead directly to a good job and a middle-class life. we know it's harder to find a job today without some higher education, so we've helped more students go to college with grants and loans that go farther than before. we've made it more practical to repay those loans. and today, more students are graduating from college than ever before. we're also pursuing an aggressive strategy to promote innovat
fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools...
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Mar 20, 2013
03/13
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on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very wealthy people. so the republican plan, they said we'll get rid of your tax expenditures for high-income people, but we'll bring down your top rate. so in the end the folks at the top get a very big windfall. we say let's eliminate some of those tax breaks for very wealthy people in order to help reduce our deficit, so when you combine that savings with targeted cuts, you can reduce it in a balanced way rather than increasing the tax burden on the middle class which is what their budget will do. we also want to make sure we keep our commitments to our s
on the jobs deficit to help deal with the budget deficit. now, we also reduce the deficit in a steady, sustained way. we do it with balance. we do it with targeted cuts, but we also do it, mr. chairman, by eliminating some of the tax breaks and tax expenditures for very high-income individuals. we heard from governor romney and we heard from the chairman of the budget committee last fall and this year that there are trillions of dollars of tax expenditures that disproportionately benefit very...
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Nov 8, 2013
11/13
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deficit?ppening in the they are going down. they are shrinking. they are falling faster than they have in 60 years. all we have to do now is do what america has always done, make wise investments in our people and in our country. it would help us grow over the long term. we should close wasteful tax loopholes that don't help our ,obs, don't grow our economy and then invest that money in things that actually do grow our economy. that create jobs and it helps in theple to work construction phase and the infrastructure and to help people move forward. this helps us grow. a great job at improving education here in new orleans. that's the kind of investment we should be making. that will take root and grow where ever the there is the fastest most reliable network. they can go anywhere. inna is investing infrastructure. europe is investing a lot in infrastructure. brazil is investing a lot in infrastructure. what are we doing? we are doing some good things locally here. tryingdium the city are to do some work but nationally we are falling behind. .e rel
deficit?ppening in the they are going down. they are shrinking. they are falling faster than they have in 60 years. all we have to do now is do what america has always done, make wise investments in our people and in our country. it would help us grow over the long term. we should close wasteful tax loopholes that don't help our ,obs, don't grow our economy and then invest that money in things that actually do grow our economy. that create jobs and it helps in theple to work construction phase...
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Aug 21, 2013
08/13
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this is where the deficit isthis is where the deficit is coming from. this is how we got in the ditch that we are in. with obamacare, we meticulously made sure, and the tv commercial is running on its, we like to run on the benefits. if you're doing it right, you andneed to do both. inthey talk about repealinghim andobamacare. inyou get the sense that you can anyou get the sense that you can repeal obamacare without repealing the taxes that are paid for. if you repeal the whole thing, if you started from scratch, the anddeficit would be worse. >> that is bobby scott of virginia. his recent town hall meeting. heritage action making a concerted effort to defund obamacare. jim demint is leading a bus tour that tomorrow will make a stop in tampa florida. senator ted cruz also along in the bus. our question for you is our congressional town halls helpful? thanks for waiting. go ahead with your comments. caller: i just want to say that town halls in general simply are not addressing certain very a sick simple things. for example, if we just promoted veganism,
this is where the deficit isthis is where the deficit is coming from. this is how we got in the ditch that we are in. with obamacare, we meticulously made sure, and the tv commercial is running on its, we like to run on the benefits. if you're doing it right, you andneed to do both. inthey talk about repealinghim andobamacare. inyou get the sense that you can anyou get the sense that you can repeal obamacare without repealing the taxes that are paid for. if you repeal the whole thing, if you...
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Nov 4, 2013
11/13
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host: you bring up deficits. how much motivation is there right now to get a grand deal done whether it's in this effort or future effort with u.s. just having posted its lowest deficits in 2008, is it? guest: we ended up the fiscal year that just ended, fiscal $6802013 with a deficit of billion. i believe the figure was, and that was a significant of 30%, 40% reduction of the previous year of $1.1 trillion. and the immediate effect, is it taking pressure off and things are improving. things are improving in the near term. part of the reason why the deficit came down so significantly, receive news wept up 13% and spending wept down 2% last year. the combination of those two resulted in the deficit coming down. the difficulty is that while that's a good sign in the near term, all projections because of the demographics are going forward, all projections indicate that we will continue to see deficits coming back in the future a more important from the annual deficit, some work we have done at the bipartisan policy
host: you bring up deficits. how much motivation is there right now to get a grand deal done whether it's in this effort or future effort with u.s. just having posted its lowest deficits in 2008, is it? guest: we ended up the fiscal year that just ended, fiscal $6802013 with a deficit of billion. i believe the figure was, and that was a significant of 30%, 40% reduction of the previous year of $1.1 trillion. and the immediate effect, is it taking pressure off and things are improving. things...
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Feb 13, 2013
02/13
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trillion dollar deficits hurt us all. printing more money to feed the never ending appetite for spending and it hurts us all to read we pay higher prices every time we go to the supermarket or to the gas pump. the value of the dollar shrinks with each new day. contrary to what the president claims, big government and dbet are not a friend to the -- debt are not a friend to the elderly. it zaps the savings of the elderly. it destroys savings. big government makes it more expensive to put food on the table. the government is not your friend. the president offers you free stuff but his policies keep you poor. under president obama, the ranks of america's poor have swelled to almost 1 in 6 people. we are at all-time high in long term employment. -- in long-term unemployment. the cycle must be broken. the willpower to do this will not come from congress. it must come from the american people. next month i will propose a five year balanced budget that last year was endorsed by taxpayer groups across the country for its boldness
trillion dollar deficits hurt us all. printing more money to feed the never ending appetite for spending and it hurts us all to read we pay higher prices every time we go to the supermarket or to the gas pump. the value of the dollar shrinks with each new day. contrary to what the president claims, big government and dbet are not a friend to the -- debt are not a friend to the elderly. it zaps the savings of the elderly. it destroys savings. big government makes it more expensive to put food on...
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Dec 5, 2013
12/13
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particularly when there's so much concerned with the deficit and debt. medicare is historically -- payments below or equal to what medicare would expect to be in the traditional program for beneficiaries who enroll in the plan. this changed in 2003, and by 2009, payments were considerably higher than medicare would've paid for the same beneficiaries if they were in the traditional program. this cause every beneficiary more in added part b premiums and provide a little incentives for m.a. plans to become more efficient. when i examined the 2009 plan data i found wide variation in m.a. plans cost relative to traditional medicare spending, even controlling for plan levels, plan types and payment levels. that suggest there was room for a lot more efficiency in the program, variable across plants. and the policy changes that were in the aca reflect recommendations that congress is on medicare payment advisory commission has advocated for years. third, many of the concerns raised about 2014 offerings either to my mind from what i've looked at are not consisten
particularly when there's so much concerned with the deficit and debt. medicare is historically -- payments below or equal to what medicare would expect to be in the traditional program for beneficiaries who enroll in the plan. this changed in 2003, and by 2009, payments were considerably higher than medicare would've paid for the same beneficiaries if they were in the traditional program. this cause every beneficiary more in added part b premiums and provide a little incentives for m.a. plans...
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Jan 10, 2013
01/13
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this was supposed to be a deficit reduction bill. they said, of the $24 billion, half of it will come from this change in the tax code, something they are doing with roth iras will cause an increase of revenues of $12 billion. the other half are paying for by reducing the budget caps. the reduce the budget caps $2 billion on the security side and $2 billion on the non security side. in f why 14 they are using the other definition. they reduced it by $4 billion in defense and $4 billion non- defense. that adds up to $12 billion a in reduction in caps. it actually gets reduced by $4 billion more a in fiscal year 2014. after that the numbers come back up and start to grow with inflation. are the same as they would have been from fiscal year 2015 until 200021 they are the same as the would have been under the original sequester. >> >> [indiscernible] >> if you look back and you adjust for inflation, under the revised sequester it will cut to $485.7 billion. that would leave the department of defense budget slightly higher than it was in
this was supposed to be a deficit reduction bill. they said, of the $24 billion, half of it will come from this change in the tax code, something they are doing with roth iras will cause an increase of revenues of $12 billion. the other half are paying for by reducing the budget caps. the reduce the budget caps $2 billion on the security side and $2 billion on the non security side. in f why 14 they are using the other definition. they reduced it by $4 billion in defense and $4 billion non-...
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Apr 4, 2013
04/13
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we've experienced deficits over $1 trillion a year. >> we're running trillion dollar deficits, the way you get rid of it is a trillion dollars at a time. >> the system has to change for the wests generations to slow down some. >>i think you will find both sides, my party has to is a no to entitlements and on the far right they will say no revenue whatever so ever. it will be between the 40-yard line. >> when reagan was president and tip o'neill was speaker of the extreme of is the both parties but they were willing to compromise for the good of the people. >> we need to get rid of the stupid spending that does not benefit anybody. >> it is not accept fabble it constitutes waste. >> you can't be efficient all of the time but the level it is at is unaccept. >> there is no question that our government's waste go beyond anybody's normal definition of acceptable. >> so i asked you, mr. president, how do we get rid of the debt and restore generations in this great country of ours? >> you can find this video and the other winning documentaries at studentcam.org. >> coming up on c-span, presid
we've experienced deficits over $1 trillion a year. >> we're running trillion dollar deficits, the way you get rid of it is a trillion dollars at a time. >> the system has to change for the wests generations to slow down some. >>i think you will find both sides, my party has to is a no to entitlements and on the far right they will say no revenue whatever so ever. it will be between the 40-yard line. >> when reagan was president and tip o'neill was speaker of the extreme...
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Sep 25, 2013
09/13
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it would add to the deficit. couple of been a republicans in the house who have been smart enough to say, we are going to repeal all of so 25-30,000,000 people do not get health insurance, but we are going to keep the taxes that obama raised. we just will not talk about that. that way we can say we reduced the deficit. obviously, you are doing some funny business there with the budget. look, nothing is free. wantottom line is, do we to continue to lead -- live in a society where we have the most inefficient health care system on earth, leaving millions of people exposed to the possibility that they could lose everything because they get sick , where we have little children and families going to the emergency room once a week because they have asthma and other preventable diseases because their families are not linked up with the partner position who is providing them regular care, where the cost to society for reduce productivity, illnesses, etc. all burden our businesses -- is that the kind of society we aspire
it would add to the deficit. couple of been a republicans in the house who have been smart enough to say, we are going to repeal all of so 25-30,000,000 people do not get health insurance, but we are going to keep the taxes that obama raised. we just will not talk about that. that way we can say we reduced the deficit. obviously, you are doing some funny business there with the budget. look, nothing is free. wantottom line is, do we to continue to lead -- live in a society where we have the...
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May 31, 2013
05/13
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were able to do that, if it could just show the sign where it is bending that deficit curve, this becomes the world's reserve currency again and we can get on with funding our schools, funding our infrastructure, funding economic growth. the other thing we have to do is, frankly we are spending so much money in the last three years of life, the last five years of life, the last 10 years of life, versus what we are spending at the beginning. we are not spending the money on basic nutrition, basic vaccines, basic preschool, basic education, and it is the difference between investing on compound interest in 50 years versus in months. >> i want to get your reaction from a comment on laura on facebook who said the adaptation is to invest in carefully credentialed science investments >> your quick thoughts on that? >> i could not agree more. we have to discover new things, as opposed to, many scientists are very conservative. they move in these incremental steps because they do not want to be wrong. there are a few who are just great radical entrepreneurs. they are the steve jobs, the benjamin
were able to do that, if it could just show the sign where it is bending that deficit curve, this becomes the world's reserve currency again and we can get on with funding our schools, funding our infrastructure, funding economic growth. the other thing we have to do is, frankly we are spending so much money in the last three years of life, the last five years of life, the last 10 years of life, versus what we are spending at the beginning. we are not spending the money on basic nutrition,...
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Dec 18, 2013
12/13
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there is another deficit in america beyond our budget deficit that is even more dangerous to america's future, and that's the rapidly deteriorating situation that many working families are facing. we have an opportunity deficit in america. president obama called this opportunity deficit the defining challenge of our time, and he is right. we are starting to lose our balance between personal wealth and our common wealth. i don't begrudge anyone wealth and success in america. we celebrate it. but we also believe in fairness. we believe in the dignity of work. we believe if you work hard and follow the rules, you ought to be able to provide for your family with the basics of life and with the dream of an even better life for the next generation. after we pass this budget, after we get our appropriations bills underway, we are going to come forward, and i hope in a bipartisan manner, address some of the pillars of income equality in america. an increase in the minimum wage overwhelmingly supported by both political parties and independent voters across the united states. an opportunity to
there is another deficit in america beyond our budget deficit that is even more dangerous to america's future, and that's the rapidly deteriorating situation that many working families are facing. we have an opportunity deficit in america. president obama called this opportunity deficit the defining challenge of our time, and he is right. we are starting to lose our balance between personal wealth and our common wealth. i don't begrudge anyone wealth and success in america. we celebrate it. but...
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Mar 14, 2013
03/13
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the jobs deficit. rather than a budget that immediately makes that job deficit worse. unfortunately, this republican budget fails that the very simple task. the nonpartisan, independent congressional budget office has shown the approach taken in this budget will result in 750,000 fewer american jobs by the end of this calendar year. it will reduce economic growth this calendar year by one third. we cannot afford to do that. in analysis yesterday by the economic policy institute, by 2014, it will cost as 2 million jobs. the issue is not whether we should steadily reduce our long- term deficits but how we do it. we believe our budgets should be good friends for economic growth. we believe we should share responsibility for reducing the deficit, rather than providing tax breaks for the very wealthy while balancing the budget on the backs of the middle-class, on the backs of our kids education and by violating our commitments to seniors. this republican budget once again takes and it theological, uncomprom
the jobs deficit. rather than a budget that immediately makes that job deficit worse. unfortunately, this republican budget fails that the very simple task. the nonpartisan, independent congressional budget office has shown the approach taken in this budget will result in 750,000 fewer american jobs by the end of this calendar year. it will reduce economic growth this calendar year by one third. we cannot afford to do that. in analysis yesterday by the economic policy institute, by 2014, it...
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Sep 27, 2013
09/13
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it would add to the deficit. there have been a couple of republicans in the white house have been smart now have say we're going repeal obviously you're doing some funny business there with the budget. but look, nothing is free. the bottom line, though, is do we want the continue to live in a society where we have got the most because their families aren't linked up with a primary care physician who is providing them regular care, where the costs to society for reduced productivity, illnesses, et. cetera burden our businesses. is that the kind of society we aspire to? i think the answer is no. and the notion that we would resist or at los some -- at los some -- at least some would resist as fiercely as they can. make it their number one agenda. perpetuate a system in which millions of people across the country hard working americans don't have access to health care. i think is wrong. [applause] the -- [applause] we have to -- [applause] we have to close. i'll close with a story, you know, i told you all this morn
it would add to the deficit. there have been a couple of republicans in the white house have been smart now have say we're going repeal obviously you're doing some funny business there with the budget. but look, nothing is free. the bottom line, though, is do we want the continue to live in a society where we have got the most because their families aren't linked up with a primary care physician who is providing them regular care, where the costs to society for reduced productivity, illnesses,...
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Oct 31, 2013
10/13
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when unemployment is down, the deficit goes down. when unemployment goes up, the deficit goes up. the reasons for this are clear because when you don't have a job, you don't pay taxes and when you don't have income, you are not paying payroll taxes and you're more likely to need government assistance. unemployment is a double whammy for federal budget and if you lower the deficit we have the lower employment. it includes deficit reduction for the most vulnerable under medicare and medicaid and children's health insurance program and nutritional assistance and other services that ignore the fact that when you cut the essential benefits, you shift the cost of this on to senior citizens and parents and lower income hard working people in these cost shifts take money out of the pockets of consumers that would otherwise be spent in other parts of the economy and creating growth and jobs. it cuts jobs and cutting jobs is not the way to reduce the deficit. securing the deficit reduction by cutting the key investments and telegrams and infrastructure and job planning and research and deve
when unemployment is down, the deficit goes down. when unemployment goes up, the deficit goes up. the reasons for this are clear because when you don't have a job, you don't pay taxes and when you don't have income, you are not paying payroll taxes and you're more likely to need government assistance. unemployment is a double whammy for federal budget and if you lower the deficit we have the lower employment. it includes deficit reduction for the most vulnerable under medicare and medicaid and...
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Nov 8, 2013
11/13
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there has been progress made on the issue of getting the deficit and debt under control. the 2011 budget agreement was a $900 billion down payment on the discretionary side. the fiscal cliff was a $600 billion down payment on the tax side. now we have the sequester in place which is technically a $1.2 trillion payment on the discretionary side. not the right way to approach it but that is a mechanism to cause congress to return to the table and reach an agreement on the entitlement accounts is where the real problems are. the process is going on now with the budget committee negotiations chaired by senator murray and congressman ryan. it is an opportunity to move the ball further down the field. i think most rating agencies are sophisticated enough to understand that this isn't going to happen overnight but that there is progress and we are hopefully moving in the right direction. >> you talk about the importance of both sides of the aisle working together. you are here speaking to us today as a ceo and not as a commerce secretary. why did you turn down that invitation fr
there has been progress made on the issue of getting the deficit and debt under control. the 2011 budget agreement was a $900 billion down payment on the discretionary side. the fiscal cliff was a $600 billion down payment on the tax side. now we have the sequester in place which is technically a $1.2 trillion payment on the discretionary side. not the right way to approach it but that is a mechanism to cause congress to return to the table and reach an agreement on the entitlement accounts is...
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Feb 14, 2013
02/13
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the trade deficit with time -- with china did not. do you agree that currency manipulation is an export subsidy? >> we have, over the last four years, pushed back hard on china in a number of areas. we pushed back on our possession -- on our perception that the currency was undervalued. one unfair trading practices. we engaged in high-level discussions. we have made progress. there has been a 15% improvement in the valuation of china's currency. it is still undervalued and more progress needs to be made. >> the administration has been good on trade enforcement, but falling short when we asked administration will to include currency in its filings. do you support industries filing positions -- petitions against countries that manipulate their currency? >> i would put a lot of energy to hide developing an energy -- a relationship where i could push back on china with things we think are unfair. we have done that in china and will continue to do that. >> senator to me. >> good to see you. i wanted to follow-up on the conversation we had
the trade deficit with time -- with china did not. do you agree that currency manipulation is an export subsidy? >> we have, over the last four years, pushed back hard on china in a number of areas. we pushed back on our possession -- on our perception that the currency was undervalued. one unfair trading practices. we engaged in high-level discussions. we have made progress. there has been a 15% improvement in the valuation of china's currency. it is still undervalued and more progress...
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Apr 25, 2013
04/13
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like the deficit. make some to definition of terminology here. the unfortunate part of that story is trust fund collections are spent on harbor maintenance and the rest of the fund vaporizes into other uses. on the other hand, we have a need to deepen harbors. some of them. there is a bridge in california that needs to be addressed. they have to be addressed differently. there is a plan behind it, more money needs to be spent on it because there is a deficit everywhere. there is really no strategic plan or allocation of the capital budget, maybe it is $10 $20 billion, whatever. we will rank them in terms of cost and benefit. absolutely. let me ask you a question. the loan program. would likeers that to make it more usable. you know how long it takes to apply for it. how do you think improving that would help the infrastructure and the localities working together? we do need additional revenue coming into the system. program has not been used extensively for any number of reasons. from the perspectives of the class one railroad, we always have ava
like the deficit. make some to definition of terminology here. the unfortunate part of that story is trust fund collections are spent on harbor maintenance and the rest of the fund vaporizes into other uses. on the other hand, we have a need to deepen harbors. some of them. there is a bridge in california that needs to be addressed. they have to be addressed differently. there is a plan behind it, more money needs to be spent on it because there is a deficit everywhere. there is really no...
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May 2, 2013
05/13
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he really needed to stand up for closing more that deficit. ronald reagan spent a lot of of the greatest proponent of deficit spending. he left a legacy was permitted his followers to say reagan proved deficits don't matter. oft was a historical error enormous proportion. more with david stockman sunday at 8:00 on c-span's q&a. --a bipartisan policy to center discussion about the military use of drones. the panel included two attorneys who worked the george w. bush administration and the cochair of the 9/11 commission, thomas payne. this is just over an hour. >> to call this an all-star panel is an understatement. our panelists are a constellation of national security experts who have reflected deeply on the issues at hand today. among them, i feel like a guy who splashes paint on house is about to talk about subtle aspects of portraiture painting s.th a group or rembrandt next to me is john bellinger, a partner at a law firm and former to the national security council. he speaks and writes regularly on public international law issues. he test
he really needed to stand up for closing more that deficit. ronald reagan spent a lot of of the greatest proponent of deficit spending. he left a legacy was permitted his followers to say reagan proved deficits don't matter. oft was a historical error enormous proportion. more with david stockman sunday at 8:00 on c-span's q&a. --a bipartisan policy to center discussion about the military use of drones. the panel included two attorneys who worked the george w. bush administration and the...
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Mar 7, 2013
03/13
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the deficit another way. for example, they will not close the loophole for tax breaks for corporate jets. instead, they want to cut four million meals on wheels. four million meals on wheels. instead of closing loopholes for big oil, they want to cut investments in little children's education. instead of closing tax loopholes for corporations that send jobs overseas, imagine that, that's my personal favorite. tax cuts for corporations that send jobs overseas. they want to lose 750,000 jobs here in our country. instead of ensuring that millionaires and billionaires pay their fair share, our military readiness will be impaired and health care for our military families could be cut. on a personal bas, we have teachers educating our children of our military families who will be harmed by this. we had psychiatric nurses who meet the needs of our returning vets with ptsd and other challenges who may be furloughed because of this what do we say to them? oh it's more important to have tax breaks for corporate jets an
the deficit another way. for example, they will not close the loophole for tax breaks for corporate jets. instead, they want to cut four million meals on wheels. four million meals on wheels. instead of closing loopholes for big oil, they want to cut investments in little children's education. instead of closing tax loopholes for corporations that send jobs overseas, imagine that, that's my personal favorite. tax cuts for corporations that send jobs overseas. they want to lose 750,000 jobs here...
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Jan 2, 2013
01/13
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now, the same is true for any deficit -- future deficit agreement. obviously we are going to have to do more to reduce our debt and our deficit. i am willing to do more. he already has done substantial. but it's going to have to be balanced. we're going to have to do it in a balanced way. and then he talks about the need to address medicare. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan, mr. camp. mr. camp: thank you. i yield myself such times at i may consume. the speaker pro tempore: the gentleman is recognized. mr. camp: we've heard some talk about what does the fiscal cliff mean and i would say that i agree with my friend from maryland. that if we didn't address the fiscal cliff issue, every single american would see a tax increase. and it would be a big tax increase. it would be the biggest tax increase in the history of the country. so that's why it's so important we're here tonight, acting in a permanent way, and i would say all also to my friend from michigan, he's corrected, this is a permanent tax po
now, the same is true for any deficit -- future deficit agreement. obviously we are going to have to do more to reduce our debt and our deficit. i am willing to do more. he already has done substantial. but it's going to have to be balanced. we're going to have to do it in a balanced way. and then he talks about the need to address medicare. the speaker pro tempore: the gentleman's time has expired. the gentleman from michigan, mr. camp. mr. camp: thank you. i yield myself such times at i may...
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Nov 7, 2013
11/13
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of course, the bureau's work is very, very important we all know with the budget deficits we have, the federal government spends too much money so it is nice to have this administration find some places to save money, but the bureau of prisons is one of the few places where thigh are trying to do that. we have to be careful about any action we take in changing sentencing laws, whether based on costs or other concerns. it's hard to think of another example of a more successful domestic policy than reduction of crime rates that we had. it's achieved by changes, policing techniques, longer sentences, and many others i won't name. crime rates at the lowest level in 50 years. many people deserve to be proud of the results. we have to remember these were hard won gain, and i'm concerned we are hearing the same kind of voices that headed us towards a greater crime starting back in the 1960s. for instance, we hear that prisons should have sentences retroactively reduced. we hear that mandatory minimum sentences could be eliminated, that we should no longer have sentencing, fewer drug prosecuti
of course, the bureau's work is very, very important we all know with the budget deficits we have, the federal government spends too much money so it is nice to have this administration find some places to save money, but the bureau of prisons is one of the few places where thigh are trying to do that. we have to be careful about any action we take in changing sentencing laws, whether based on costs or other concerns. it's hard to think of another example of a more successful domestic policy...
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Mar 1, 2013
03/13
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in cuts from the deficit. we are making progress, and we can continue with our fragile economy to make more progress. this is not only unnecessary, but completely counterproductive in the direction and the past we're taking right now. >> a very quick point. some of the folks who are talking about how we must deal with the spending side of the question, versus revenue side, and i will be happy to provide you with this report. they may have not followed what has happened here over the last 10 or 12 years. there is substantial data that will tell you -- and this is just from the labor, health, education perspective, which is where i am the ranking member, although it has the broadest expense of programming after defense and the largest expanse of resources -- over the last 10 years -- there has been $12 billion in cuts to labor, education, and health programs. if you add what we cut to the budget control act, it is another $9 billion. this will be cut between now and 2021, 2022. if you add one year, it will be an
in cuts from the deficit. we are making progress, and we can continue with our fragile economy to make more progress. this is not only unnecessary, but completely counterproductive in the direction and the past we're taking right now. >> a very quick point. some of the folks who are talking about how we must deal with the spending side of the question, versus revenue side, and i will be happy to provide you with this report. they may have not followed what has happened here over the last...
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6.7K
Jun 19, 2013
06/13
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what is happening to agree to a budget to promote growth, reduce the deficit for our country, what is happening to make progress for the american people? do you ever wonder about that when they tune in and see the debate going nowhere? is, just another day and the life of the majority controlled -- republican controlled congress. .ay without a jobs bill our constituents have made it clear time and time again that we must make us work together to grow the economy. , republicans refuse to listen. instead, we are debating legislation that endangers women's health and disrespects the judgment of american women and their doctors on how to make judgments about women's health. tos bill would deny care women and the most desperate of circumstances. yet another republican attempt to endanger women. is disrespectful to women, unsafe or families, and unconstitutional. at the start of the congress, the republicans take great pride in reading the constitution, but then they proceed to ignore it. one example is this clearly unconstitutional bill. they claim to reduce the role of government, except
what is happening to agree to a budget to promote growth, reduce the deficit for our country, what is happening to make progress for the american people? do you ever wonder about that when they tune in and see the debate going nowhere? is, just another day and the life of the majority controlled -- republican controlled congress. .ay without a jobs bill our constituents have made it clear time and time again that we must make us work together to grow the economy. , republicans refuse to listen....
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Dec 18, 2013
12/13
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it has gone into a cash flow deficit position in 2010. --efits now routinely benefits paid routinely exceed payroll taxes paid into the system by very large sums, which are only projected to grow. i know people often like to invoke the assets and trust fund, but we will probably get into this discussion. there are no assets backing up anything in the trust fund. this is a filing cabinet with certificates that have no real assets to back them up. therefore, the trust funds to which we routinely prefer -- refer do nothing to enhance or enable the federal government to honor the commitment it has made , so we should not be under the illusion that somehow make things ok. the challenges facing social security are not a partisan observation. i want to quote mr. chairman briefly from the social security's trustee reports of this year 2013. in which they state "both the social security and medicare programs face substantial financing shortfalls that require legislative corrections. it is important to grasp the amount of time remaining to enact a
it has gone into a cash flow deficit position in 2010. --efits now routinely benefits paid routinely exceed payroll taxes paid into the system by very large sums, which are only projected to grow. i know people often like to invoke the assets and trust fund, but we will probably get into this discussion. there are no assets backing up anything in the trust fund. this is a filing cabinet with certificates that have no real assets to back them up. therefore, the trust funds to which we routinely...
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Mar 13, 2013
03/13
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we bring our deficits down right away. it goes down to the point where we end up with a surplus in 20 23. in the 1990's democratic president worked with a republican congress to balance the budget. both parties have achieved this in the past. we think it's something we ought to do again. number three, this is the picture that should scare everybody. this is the picture that shows you the path we are on today which we know without a sled of doubt we are consigning the next generation to an sbror standard of living. we are facing a debt crisis in this country and that hurts everybody. but the people who it hurts the most are the poor, the elderly. they get hurt the worst in the debt crisis. so we are addressing the most predictable debt crisis in this nation's history. the red line shows you the path this country is on right now. the green line shows what we achieve by putting this budget into law. we will give our children a debt free nation and that helps grow our economy as well. please know by balancing the budget we gro
we bring our deficits down right away. it goes down to the point where we end up with a surplus in 20 23. in the 1990's democratic president worked with a republican congress to balance the budget. both parties have achieved this in the past. we think it's something we ought to do again. number three, this is the picture that should scare everybody. this is the picture that shows you the path we are on today which we know without a sled of doubt we are consigning the next generation to an sbror...
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Oct 9, 2013
10/13
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we'd still have a deficit. and for people who say that we can only focus on domestic discretionary spending or squeeze that to reduce the deficit further -- did the deficit is down from $1.4 trillion four years ago to about half of that today. still way too big. but we can't get from here to where we need we want to go by g just on domestic discretionary spending screng. i like to say there are three things we need to do. dr. coburn has heard it more times than he wants to remember. the presiding officer as well. three things we need to do if we're serious about deficit reduction. facing the realities of today, number one, entitlement reform. these are the president's words, entitlement reform that savings money --, saves money, that saves these programs for our kids and our grandchildren. and entitlement reform -- these are my words -- entitlement reform that doesn't savage old people or poor people but is sensitive to the least of these in our society. second thing we need to do is to focus on revenues. we ne
we'd still have a deficit. and for people who say that we can only focus on domestic discretionary spending or squeeze that to reduce the deficit further -- did the deficit is down from $1.4 trillion four years ago to about half of that today. still way too big. but we can't get from here to where we need we want to go by g just on domestic discretionary spending screng. i like to say there are three things we need to do. dr. coburn has heard it more times than he wants to remember. the...
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Nov 25, 2013
11/13
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-- shrink our deficits. if the senate bill became law over the next two decades, our economy would grow by 1.4 trillion dollars more and would reduce our deficits by $850 billion more. you don't have to be an economist to figure out that workers will be more productive if the got their families here with them. they're not worried about deportation. this isn't just the right thing to do, it's the smart thing to do. democratic and republican governors -- just because all that is in place doesn't mean will actually get it done, because this is washington, after all, that were talking about. everything is looked at through a political prism. let's be honest. some folks automatically think if obama is for it, then i've got to be against it. even if, before that, i was for it. but i want to refined everybody, to his great credit, robert -- predecessor, president bush was for reform. 23as in the senate, i joined senate republicans back in supporting reform. it's worth remembering that the senate bill that just pass
-- shrink our deficits. if the senate bill became law over the next two decades, our economy would grow by 1.4 trillion dollars more and would reduce our deficits by $850 billion more. you don't have to be an economist to figure out that workers will be more productive if the got their families here with them. they're not worried about deportation. this isn't just the right thing to do, it's the smart thing to do. democratic and republican governors -- just because all that is in place doesn't...
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Oct 8, 2013
10/13
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president obama signed a bipartisan, $2.5 trillion deficit reduction law and the deficit today is half of what it was in 2009. we are willing partners who will compromise. but to suggest that we need a special committee to tell us what we already know is just not sincere. this bill is an attempt to shift blame nor shutdown. speaker boehner should stop trying to find somebody else to do his job. he can end the shutdown today by allowing a vote on the republican-written, senate-passed c.r. which would get a majority vote in the house and be signed by the president. reopen the government. do not jeopardize the full faith and credit of the united states. stop wasting time on political stunts like this bill while americans suffer. vote no. the speaker pro tempore: the gentlewoman's time has expired. the gentleman from texas is recognized. mr. sessions: mr. speaker, i would thankfully acknowledge the floor of the house of representatives here for voting on several very, very important items that allow those employees that today might not be at work, we've asked that they come become to work
president obama signed a bipartisan, $2.5 trillion deficit reduction law and the deficit today is half of what it was in 2009. we are willing partners who will compromise. but to suggest that we need a special committee to tell us what we already know is just not sincere. this bill is an attempt to shift blame nor shutdown. speaker boehner should stop trying to find somebody else to do his job. he can end the shutdown today by allowing a vote on the republican-written, senate-passed c.r. which...
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Mar 20, 2013
03/13
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it kills jobs, stifles growth and adds to the deficit. all while making life harder for seniors, women, children and the most vulnerable in our society. the math of the budget just does not add up. simple arithmetic tells you that the only way to pay for mr. ryan's proposed tax cuts for the fortunate few is to eliminate many of the deductions that middle class families count on to pay for housing and health care and to save for their retirement. the ryan tax plan would further burden those who are struggling by substantially lowering taxes for the most fortunate and that's not spend, that's just plain math -- spin, that's just plain math. the vision this budget offers of america is tuth totally at odds -- is totally at odds with who we claim to be. it's a vision of the country where the government is indifferent to the suffering of many while only paying attention to the demands of a few. then there is the other plan that is before us, the democratic plan. with a balanced set of priorities, a better vision for the future, found in the bud
it kills jobs, stifles growth and adds to the deficit. all while making life harder for seniors, women, children and the most vulnerable in our society. the math of the budget just does not add up. simple arithmetic tells you that the only way to pay for mr. ryan's proposed tax cuts for the fortunate few is to eliminate many of the deductions that middle class families count on to pay for housing and health care and to save for their retirement. the ryan tax plan would further burden those who...
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Oct 4, 2013
10/13
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it doesn't grow the deficits by a single dime. it doesn't allow anybody to spend any new money whatsoever. it is not something that raises our debt. what it does is allow the u.s. treasury, the u.s. government, to pay the bills that congress has already racked up. i want you to think about this. if you go to a restaurant, you order a meal, you eat it, maybe you have some wine. maybe you have two glasses of wine. great meal. and then you look at the tab it is pretty expensive and you decide i'm not going to pay the bill. well, you are not saving money. you are not being frugal. you are just a deadbeat, right? if you buy a house and you decide this month i would rather go on vacation somewhere so i'm not going to pay my mortgage. you didn't just save yourself some money. you are just going to get foreclosed on. so you don't save money by not paying your bills. you don't reduce your debt by not paying your bills. all you are doing is making yourself unreliable and hurting your credit rating. and you will start getting those phone cal
it doesn't grow the deficits by a single dime. it doesn't allow anybody to spend any new money whatsoever. it is not something that raises our debt. what it does is allow the u.s. treasury, the u.s. government, to pay the bills that congress has already racked up. i want you to think about this. if you go to a restaurant, you order a meal, you eat it, maybe you have some wine. maybe you have two glasses of wine. great meal. and then you look at the tab it is pretty expensive and you decide i'm...
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Jun 28, 2013
06/13
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over the next 20 years, you reduce the deficit. how can that be? how can you reduce the deficit by $890 million if you do not create economic activity? to the american worker, the biggest threat to you is illegal immigration. tell me how it is better to continue amnesty, which is doing nothing, paying people under the table, with no regulation, how does that help the american worker to compete against some person that is being paid under the table? this bill brings people out of the shadows on our terms, not theirs. you get to stay here if we decide you can stay. we are regaining our sovereignty that has been lost. your system is broken from top to bottom. every nation has the right to control its borders and control this bill odesob. th -- does that. i am glad to have my name on it and doing nothing is the worst thing for the american worker. we will stop paying people under the table. have you ever been to a meatpacking plant? find out who was working in the plant. mostly, hispanics, people from other parts of the world full. our population is de
over the next 20 years, you reduce the deficit. how can that be? how can you reduce the deficit by $890 million if you do not create economic activity? to the american worker, the biggest threat to you is illegal immigration. tell me how it is better to continue amnesty, which is doing nothing, paying people under the table, with no regulation, how does that help the american worker to compete against some person that is being paid under the table? this bill brings people out of the shadows on...
60
60
Aug 7, 2013
08/13
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a joint committee was set up to control the spiraling deficit. congress warned that if they fail to come up with a solution sequestration would automatically although.-- automatically follow, meaning massive cuts in defense and all other programs. those cuts have now begun. the pentagon was already billion to cut $150 over the next 10 years. sequestration would require $500 billion in cuts over the next 10 years. last week, the defense secretary warned that cuts of that magnitude would not only affect entitlements such as salaries, , and life,ucation but defense readiness and capability. the u.s., for some time, had been ready to fight two wars at the same time. would noe cuts, that longer seem to be possible, winning the american defense strategy would have to be radically altered. what to do, in a macro and micro sense? have asked highly respected defense and budgetary experts to explain reality and options to us. mckinsey egeland. she helped governor romney during the last presidential campaign. his loss should in no way be ascribed to mckinse
a joint committee was set up to control the spiraling deficit. congress warned that if they fail to come up with a solution sequestration would automatically although.-- automatically follow, meaning massive cuts in defense and all other programs. those cuts have now begun. the pentagon was already billion to cut $150 over the next 10 years. sequestration would require $500 billion in cuts over the next 10 years. last week, the defense secretary warned that cuts of that magnitude would not only...
63
63
Dec 12, 2013
12/13
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it reduces the deficit. but it is fully paid for by the taxpayer dollars. >> unlike medicare part d, this bill was actually paid for. thate president said everyone's premiums would decrease. the president said that people would be able to keep their plants top the president said that they would be able to keep their doctors. that is simply not the case. there is a lot of frustration and we are upset about it. my time is expired. thank you. >> you are recognized next for five minutes. >> let me clarify some things using the single yes or no strategy. is it not true that the congressional budget office says that a out of 10 americans who will go to the marketplace should qualify for assistance? >> i think that is true. no, is the affordable care act 84 -- i know you refer to that, but if you could explain that? >> it is paid for. the congressional budget office estimates that it will reduce the deficit in the first 10 years by about $120 billion. over the next 10 years, it will reduce it closer to $1 trillion.
it reduces the deficit. but it is fully paid for by the taxpayer dollars. >> unlike medicare part d, this bill was actually paid for. thate president said everyone's premiums would decrease. the president said that people would be able to keep their plants top the president said that they would be able to keep their doctors. that is simply not the case. there is a lot of frustration and we are upset about it. my time is expired. thank you. >> you are recognized next for five...
130
130
Feb 20, 2013
02/13
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while a plan to reduce our deficit has to be part of the agenda, but deficit reduction alone is not an economic plan. we learned in the 1990 costs when bill clinton was president that nothing shrieks of deficit faster than a growing economy that creates good, middle-class jobs. that should be the focus, they can america a magnet for good jobs and equipping our people with the skills required to fill those jobs and that their hard work leads to a decent living. those are the things we should push ourselves to think about every day. that is what the american people expect. that is what i will work on every single day to help deliver. i need everybody who is watching today to understand we have a few days. congress could do the right thing. we could avert just one more washington-manufactured pop him that slows our recovery -- manufactured problem that slows our recovery and that would do right by first responders, america's middle class, and what i will be working and fighting for over the next few weeks and years. thank you very much, everybody. thank you for your service. [applause] [a
while a plan to reduce our deficit has to be part of the agenda, but deficit reduction alone is not an economic plan. we learned in the 1990 costs when bill clinton was president that nothing shrieks of deficit faster than a growing economy that creates good, middle-class jobs. that should be the focus, they can america a magnet for good jobs and equipping our people with the skills required to fill those jobs and that their hard work leads to a decent living. those are the things we should...
113
113
Apr 10, 2013
04/13
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they are winners -- third prize winners. >> deficit. >> what exactly is the deficit? the deficit is in excess of liabilities over assets or expenditures over income. in simpler terms, the amount of money the united states spends that he can't pay for. >> the four components that influence the deficit our expenditures, for savings, how much money our government keeps each year, leadership, the choices made to effect the deficit, and trade, how our country internet -- interacts internationally. like the deficit has an enormous impact on our country and is the most important issue the president needs to address. like the dangers of an increasing national deficit -- >> the dangers of an increasing national deficit. -- the deficit has recently reached over $15 trillion. click the debt has gone from $34,000 to almost $51,000. -- for each person. how much is $16 trillion? what -- >> that is hard to comprehend. you can build the great wall of china with 16 trillion bricks over 200 times. >> if you were given a dollar a day, it would take over 40 or billion years to pay off ou
they are winners -- third prize winners. >> deficit. >> what exactly is the deficit? the deficit is in excess of liabilities over assets or expenditures over income. in simpler terms, the amount of money the united states spends that he can't pay for. >> the four components that influence the deficit our expenditures, for savings, how much money our government keeps each year, leadership, the choices made to effect the deficit, and trade, how our country internet -- interacts...
61
61
Apr 4, 2013
04/13
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we've never had a trillion dollar deficit. >> we're running trillion dollar deficits. the way you get rid of it is a billion at a time. >> it's almost designed to create waste. the system will have to change for the waste generation to slow down some. >> i think you'll find both sides, my party, the left will be saying no changes to entitlements whatsoever. the far right, they'll be saying no revenue whatsoever. what needs to happen, what ultimately will happen will be something somewhere between the 40-yard line. >> when reagan was president and tip o'neill was speaker of the house, and those are both extremes of both of the parties at the time, but they were willing to compromise and do something for the good of the american people. >> no amount of waste is acceptable, not when it's your money. what should be easy is getting rid of the pointless waste and stupid spending that doesn't benefit anybody. >> it's not acceptable if it really constitutes waste. >> you can't be 100% efficient all the time. but i think the level that the waste is at is unacceptable. >> i don'
we've never had a trillion dollar deficit. >> we're running trillion dollar deficits. the way you get rid of it is a billion at a time. >> it's almost designed to create waste. the system will have to change for the waste generation to slow down some. >> i think you'll find both sides, my party, the left will be saying no changes to entitlements whatsoever. the far right, they'll be saying no revenue whatsoever. what needs to happen, what ultimately will happen will be...
79
79
Oct 29, 2013
10/13
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he had the deficit down. he taunt the deficit down. it was down to less than 3% of gdp which is a manageable level. it shot back up under george george h.w. bush and bush never brought the growth id yop the concept reagan brought. growth has deposit to be the key. there's enough growth you can deal with the deficit problem. that is the reagan lesson certainly lost by the people who look down on reagan in his term. but lost on a lot of people including cheney, i believe, who basically became cavalier about deficit. i don't think that's very smart. to take deficit as the focus is is also not smart. >> i would agree with that. taken out of context which they came in to a time of a deficit was significantly lower than it is today. and he was saying basically what reagan did. growth is the important thing. you know, years ago, milton took the position because of the nature of the two parties one promising the other things and the other -- that what the republicans ought to do or the conservatives ought to do. this is back in the 'out of and
he had the deficit down. he taunt the deficit down. it was down to less than 3% of gdp which is a manageable level. it shot back up under george george h.w. bush and bush never brought the growth id yop the concept reagan brought. growth has deposit to be the key. there's enough growth you can deal with the deficit problem. that is the reagan lesson certainly lost by the people who look down on reagan in his term. but lost on a lot of people including cheney, i believe, who basically became...